A recent report by Publish What You Pay singled out Norway as a favoured European “secrecy jurisdiction” for extractive industry corporates, but the Netherlands isn’t far behind. Schiphol airport is home to AA Holdings Argentina …
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Dutch masters of tax avoidance
Essar Weighs $750M Infrastructure IPO in London
Essar Group, the Indian company whose businesses range from shipping to power, is considering listing infrastructure assets in London to raise about $750 million, three people with knowledge of the matter said.
JPMorgan Chase & …
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The blacklisting of Rio Tinto
Too many invest in companies – such as London-listed Rio Tinto – without any consideration of the ethics of doing so. Investing in conflict-affected and high-risk areas is a growing concern for responsible businesses and investors. …
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Essar accused of funding opposing armed groups in India
Commentary by Nostromo Research
The release of a wikileak (below) last week raises questions about the operations (and governance) of one of the largest companies recently registered on the London Stock Exchange – one which …
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BHP Billiton to invest $437m to expand Colombian coal mine
Mining and oil company BHP Billiton will invest $437m to expand the Cerrejon Coal mine in La Guajira, Colombia. The company’s investment represents one third of the $1,311m expansion to be undertaken by Cerrejon Coal, …
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UK capital’s importance as funder of global uranium production
If you put together the 2010 uranium output from mines owned by Rio Tinto (in Namibia and Australia), along with output from BHP Billiton’s Olympic Dam mine in South Australia, these two London-listed companies rank …
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Lifestyles of the rich and famous
An introduction to NR Investments Ltd provides an expose of the connections between some wealthy British, Russian and Indonesian financiers, government representatives and celebrities, and destructive mining projects.
See http://moneytometal.org/index.php/NR_Investments_Ltd.…
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‘Voice of responsible shareholders’ slams Vedanta
Investment research and advisory body PIRC issued a critical report on Vedanta in advance of the company’s AGM.
The report is available at http://www.pirc.co.uk/sites/default/files/Vedanta%202010.pdf.…
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Aviva to withhold support at miner Vedanta’s AGM
Asset manager Aviva Investors still has concerns over miner Vedanta’s social conscience and corporate governance standards, despite a high-profile campaign last year that saw the group under pressure from shareholders and activists. Aviva, small but …
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Swiss banks backing Vedanta
Since 2010, the major Swiss banks Credit Suisse and UBS have financed the world’s most controversial mining firm: Vedanta Resources. Vedanta earned the number two spot on a 2009 list of “most environmentally and socially …
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Six deaths in three years overshadows BHP profits
BHP Billiton boss Marius Kloppers is poised to report a stunning 75 per cent increase in net profit to an estimated $US21.9 billion, but the sixth death in three years in the Pilbara casts a …
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Vedanta poised to float off Zambian copper arm in $7.3 bn IPO
Indian controlled, but London listed, diversified miner, Vedanta, is reported to be poised to float off Konkola Copper Mines, its major Zambian copper producer, in a London Initial Public Offering, for around US$ 7.3bn.
See …
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